Go to Jeff Salisbury LWGate Home Page.From: Sol Mayer <smaye1211@yahoo.com>
Subject: Re: [CANSLIM] paper trading
Date: Fri, 9 Aug 2002 06:26:49 -0700 (PDT)
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- --0-1893614493-1028899609=:71890 Content-Type: text/plain; charset=us-ascii where can I find eps growth rates? Mike Lucero wrote:How many of the new people are paper trading? Using play money, try to follow the rules for buying and selling. If you had been doing that for a while you would probably see why it's not a good time to be buying stocks. After your paper trading seems profitable, you could start with real money, a small amount per position, and see what it feels like to follow the system. It feels different with real money on the line, and your feelings are what you have to overcome. How do you find buy candidates? Use a scanning program and find stocks that have hit a 52 week high close. If you want to only buy cup-with-handles, then evaluate the pattern. Check RS, EPS rank, EPS growth. Pretend (paper-trading, remember) that you buy the next day at the open, buying with 10% of your play money portfolio. Keep track of your trades in a spreadsheet. If your loss in a stock hits 7%, pretend-sell. There's more to CANSLIM than finding the stocks. You have to put money on the line, control greed and fear, and try to follow what the market is telling you. Mike - --------------------------------- Do You Yahoo!? HotJobs, a Yahoo! service - Search Thousands of New Jobs - --0-1893614493-1028899609=:71890 Content-Type: text/html; charset=us-ascii <P>where can I find eps growth rates? <P> <B><I>Mike Lucero <M.LUCERO@VERIZON.NET></I></B>wrote: <BLOCKQUOTE style="PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #1010ff 2px solid"> <META content="MSHTML 5.50.4807.2300" name=GENERATOR> <STYLE></STYLE> <DIV>How many of the new people are paper trading? Using play money, try to follow the rules for buying and selling. If you had been doing that for a while you would probably see why it's not a good time to be buying stocks. After your paper trading seems profitable, you could start with real money, a small amount per position, and see what it feels like to follow the system. It feels different with real money on the line, and your feelings are what you have to overcome.</DIV> <DIV> </DIV> <DIV>How do you find buy candidates? Use a scanning program and find stocks that have hit a 52 week high close. If you want to only buy cup-with-handles, then evaluate the pattern. Check RS, EPS rank, EPS growth. Pretend (paper-trading, remember) that you buy the next day at the open, buying with 10% of your play money portfolio. Keep track of your trades in a spreadsheet. If your loss in a stock hits 7%, pretend-sell. </DIV> <DIV> </DIV> <DIV>There's more to CANSLIM than finding the stocks. You have to put money on the line, control greed and fear, and try to follow what the market is telling you. </DIV> <DIV> </DIV> <DIV>Mike</DIV></BLOCKQUOTE><p><br><hr size=1><b>Do You Yahoo!?</b><br> <a href="http://rd.yahoo.com/careers/mailsig/new/*http://www.hotjobs.com">HotJobs, a Yahoo! service</a> - Search Thousands of New Jobs - --0-1893614493-1028899609=:71890-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email.
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